MSI to lay off 10-20% of employees after the holidays?

Layoffs may continue in the computing industry, as MSI reportedly prepares to hand pink slips to a large portion of its global workforce. The computer-maker supposedly plans to cut its staff by as much as 20%, and no less than 10%, according to unnamed sources cited by DigiTimes.

The sources say that MSI will begin trimming at some point after the holidays, likely in early 2010. The company will focus its firepower on business units and other departments with excess personnel as well as those with unsatisfactory performance. Workers involved with netbook, notebook, and graphics card sales are also under evaluation.

Since the company is mostly attempting to eliminate overlapping and poorly performing staff, it will hire new recruits to replace the gap. DigiTimes notes that MSI has denied the rumors, so this could very well be a load of hot air.